Latest / Earn Your Leisure / BILLIONAIRE ROBERT F. SMITH SELLS CYBERSECURITY COMPANY TO IBM FOR $4.6 BILLION

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BILLIONAIRE ROBERT F. SMITH SELLS CYBERSECURITY COMPANY TO IBM FOR $4.6 BILLION · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Get your tickets to invest Vests. Sean Diddy COHMS has
• 1:06
  Speaker 3: been confirmed as a headliner. Congratulations to the great Robert
• 1:11
  Speaker 3: Smith who sold a company for four point four point
• 1:18
  Speaker 3: six billion dollars.
• 1:21
  Speaker 4: It was.
• 1:22
  Speaker 3: It was a cybersecurity I believe cybersecurity company name uh a.
• 1:31
  Speaker 4: Patio.
• 1:32
  Speaker 5: Microsoft purchased it.
• 1:33
  Speaker 3: Correct, IBM Mike Rossoft, No, IBM purchased it.
• 1:40
  Speaker 5: Four Uh.
• 1:44
  Speaker 3: He made a lot of money on that transaction. So
• 1:46
  Speaker 3: let's break this down how this work quickly. It wasn't
• 1:51
  Speaker 3: that he sold his company. I still a lot of
• 1:53
  Speaker 3: people that that was a little confused in the comments section,
• 1:55
  Speaker 3: saying like, you know, they know we shouldn't be selling
• 1:58
  Speaker 3: our companies.
• 1:58
  Speaker 6: So four billion, ye say it for four billion? Yes
• 2:01
  Speaker 6: you should, Yes you should. If somebody off of y'all
• 2:05
  Speaker 6: four billion, listen, you can sell a red pandem might
• 2:07
  Speaker 6: have two and a half. Right now, I'll even hit
• 2:10
  Speaker 6: at the table. Let me get my fifty slap tander.
• 2:12
  Speaker 6: We shouldn't sell companies. The purpose of buying a company
• 2:16
  Speaker 6: or building a company is to sell it so then
• 2:18
  Speaker 6: can enjoy time with your family, not to be slaves forever.
• 2:22
  Speaker 5: Or perhaps create more companies. Yeah.
• 2:24
  Speaker 3: Well the thing with his so his business is private equity.
• 2:28
  Speaker 3: So they what they do is that they purchase companies. Right,
• 2:33
  Speaker 3: They invest in companies, but they pretty much like purchase
• 2:35
  Speaker 3: the company they they own. Majorities take in the company.
• 2:38
  Speaker 3: So they'll buy X, Y and Z company and they'll
• 2:41
  Speaker 3: pay one hundred million dollars to have fifty one percent
• 2:44
  Speaker 3: ownership of the company. And the reason why the owner
• 2:48
  Speaker 3: of the business will do that is because you know,
• 2:50
  Speaker 3: they feel like they have taken it to the point
• 2:53
  Speaker 3: where they can't take it any further. And now you
• 2:56
  Speaker 3: know they need they need to scale it, they need resources,
• 3:00
  Speaker 3: they need money. What did with the hope and the
• 3:03
  Speaker 3: attention that the company is valued at one hundred million today.
• 3:08
  Speaker 3: By the time that they sell it, they might sell
• 3:09
  Speaker 3: it for a billion, right, and then everybody eats because
• 3:12
  Speaker 3: now you're going to make money on that on that
• 3:13
  Speaker 3: side as well. So that's actually what he does for
• 3:17
  Speaker 3: a living. He buys companies and then he sells them.
• 3:20
  Speaker 3: Paul Judge just texts me, that's ironic, Paul, So.
• 3:26
  Speaker 2: We need your Paul on the show. And Rashan Williams
• 3:28
  Speaker 2: my brother.
• 3:28
  Speaker 6: I know you're not doing interviews, but if we can
• 3:30
  Speaker 6: get you and Paul on the show together, that would
• 3:32
  Speaker 6: be great.
• 3:32
  Speaker 2: For the culture. I bet rasa go ahead.
• 3:35
  Speaker 4: Gotta put it out there for sure.
• 3:40
  Speaker 3: So it's his, it's it's his business model to buy
• 3:44
  Speaker 3: companies and to sell them. So we just have to
• 3:47
  Speaker 3: educate the public to understand that he didn't sell out.
• 3:52
  Speaker 3: It's not like he you know, sold his company, and
• 3:56
  Speaker 3: he could. He could sell his company if he wants.
• 3:58
  Speaker 3: That's his that's his right, but that's not actually what happened.
• 4:01
  Speaker 3: So he sold and he sells companies all the time.
• 4:04
  Speaker 3: This was just a very big sale. So, yeah, he
• 4:08
  Speaker 3: sold the company for four point six billion. Everybody made
• 4:12
  Speaker 3: a lot of money in that transaction. It's not like
• 4:14
  Speaker 3: he gets four point six billion obviously, because he has
• 4:16
  Speaker 3: partners in the company and you know, the owner original owners.
• 4:21
  Speaker 4: So let's say he made a hundred million. No matter what,
• 4:23
  Speaker 4: he made a lot of money, right.
• 4:25
  Speaker 3: So this is something that very important piece of news.
• 4:31
  Speaker 3: And of course he will be headlining invest FST. So
• 4:35
  Speaker 3: it's crazy because that came out and then at the
• 4:37
  Speaker 3: same week our other headliner, Diddy made news. It came
• 4:42
  Speaker 3: out that Diago parted ways with him. And that's a
• 4:45
  Speaker 3: big deal as far as the the tequila brand that
• 4:49
  Speaker 3: he has and really understanding the business side of that.
• 4:53
  Speaker 3: And he enlightened us to a variety of different things
• 4:55
  Speaker 3: that we weren't aware of when We spoke to him
• 4:57
  Speaker 3: about the the liquor industry and why he sued and
• 5:01
  Speaker 3: why he felt that it was it wasn't fairly done,
• 5:04
  Speaker 3: and he was saying, like, you know, the information is
• 5:07
  Speaker 3: important for entrepreneurs to know when you're dealing with corporate
• 5:10
  Speaker 3: like how they take advantage of people and how they,
• 5:12
  Speaker 3: you know, play off with your ignorance. So he's the
• 5:14
  Speaker 3: headline as well. And then the other key headliner in
• 5:18
  Speaker 3: this situation is Richard Paul And it came out that
• 5:24
  Speaker 3: on the first day, on the first day of NBA
• 5:32
  Speaker 3: Free Agency, three hundred and ninety million closed in contracts
• 5:37
  Speaker 3: for three of his clients and he will be at
• 5:40
  Speaker 3: invest Fest.
• 5:42
  Speaker 7: And that was just in the first day. He has
• 5:44
  Speaker 7: since added more to that portfolio. We just saw, uh,
• 5:49
  Speaker 7: Anthony Edwards just signed an extension for over two hundred
• 5:52
  Speaker 7: and sixty million.
• 5:53
  Speaker 5: They are there, they're Richard.
• 5:58
  Speaker 4: But here's the best thing.
• 5:59
  Speaker 3: There's a bunch of other people that we can't announce it.
• 6:04
  Speaker 4: We announced my line up out of practice patience.
• 6:08
  Speaker 7: There was a text that came through two days ago
• 6:10
  Speaker 7: that you don't even know about that we I'm gonna
• 6:12
  Speaker 7: have to text you about. That's been added, it is
• 6:18
  Speaker 7: historic is an understatement. Monumentous is an understatement. What's gonna
• 6:23
  Speaker 7: happen here is something that is going to be beyond legendary.
• 6:26
  Speaker 7: When you have this level of talent, this level of
• 6:29
  Speaker 7: brain capacity, this level.
• 6:30
  Speaker 5: Of earners, what's up.
• 6:33
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• 7:35
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• 8:22
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 8:26
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 8:30
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 8:34
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 8:38
  Speaker 1: some of the heinous migrant criminals. Caught because of President
• 8:42
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 8:45
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 8:50
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 8:54
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 8:57
  Speaker 1: were here illegally, your next you will be fine nearly
• 9:01
  Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
• 9:05
  Speaker 1: never return. But if you register using our CBP home
• 9:09
  Speaker 1: app and leave now, you could be allowed to return legally.
• 9:13
  Speaker 1: Do what's right.
• 9:14
  Speaker 7: Leave now.
• 9:15
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 9:20
  Speaker 7: Sponsored by the United States Department of Homeland Security of
• 9:22
  Speaker 7: excellence in the same place at one time.
• 9:26
  Speaker 5: What's about to happen for our community is going to
• 9:28
  Speaker 5: be life changing.
• 9:29
  Speaker 3: Man, get your tickets to a beside. This is something
• 9:31
  Speaker 3: that's never been done before, ever in history of the world.
• 9:34
  Speaker 3: And get your hotel. We have a hotel block. It's
• 9:36
  Speaker 3: on a website.
• 9:37
  Speaker 4: Do you now watch to the.
• 9:38
  Speaker 6: Last minute or you'll be staying in Tennessee trying to
• 9:42
  Speaker 6: drive over.
• 9:42
  Speaker 5: Yeah.
• 9:43
  Speaker 7: So the first hotel block is going, but I think
• 9:45
  Speaker 7: they have the second one at the higher regency the regency.
• 9:48
  Speaker 7: So if you're trying to get a hotel tap in
• 9:51
  Speaker 7: at the High Regency, go to our website investments dot com.
• 9:53
  Speaker 5: Get all the information. Make sure y'all get your rooms.
• 9:56
  Speaker 5: Y'all want to be there in person. Be there early.
• 9:58
  Speaker 5: We're going to be there about a week early. We're
• 10:00
  Speaker 5: gonna be doing a couple of other things that we're
• 10:01
  Speaker 5: gonna announce, but make.
• 10:03
  Speaker 4: But I want to say something too about it.
• 10:04
  Speaker 3: A This is a lot of people say all the
• 10:06
  Speaker 3: time where it's like, well, if he sold it for
• 10:08
  Speaker 3: four billion, then it was worth twenty eight They get
• 10:11
  Speaker 3: this from this master P thing when master P was like, well, well.
• 10:17
  Speaker 4: For sure.
• 10:17
  Speaker 3: But I mean, yeah, it's kind of common sense if
• 10:22
  Speaker 3: just think about this logically, right, if you're selling something
• 10:26
  Speaker 3: to me and I'm buying it from you, I think
• 10:29
  Speaker 3: that it's more valuable than what you're selling it for,
• 10:32
  Speaker 3: or I wouldn't buy it.
• 10:34
  Speaker 4: That's just that's just that's just the common Yeah.
• 10:37
  Speaker 3: And it's supply chain for them to make it's a
• 10:39
  Speaker 3: it's the system only works if there's a buyer and
• 10:42
  Speaker 3: a seller. There has to be a seller for the
• 10:44
  Speaker 3: system to work. If there's no if there's no seller,
• 10:46
  Speaker 3: it's not going to work. So this is like the
• 10:48
  Speaker 3: original barter system right where it's like, if you're selling
• 10:52
  Speaker 3: me something, I think that I'm going to pay for
• 10:56
  Speaker 3: it right now, but it's worth more than that, or
• 11:01
  Speaker 3: I wouldn't buy it. So that's not the best way
• 11:05
  Speaker 3: to go about it. To think like, well, if he
• 11:07
  Speaker 3: sold it for four billion and hel much, because it
• 11:10
  Speaker 3: might not be in his interest to keep the company
• 11:12
  Speaker 3: for twenty years and nurture it, and he got a
• 11:14
  Speaker 3: bunch of other he's buying a hundred companies in that timeframe, right,
• 11:17
  Speaker 3: Like his model is to buy it, build it, and
• 11:20
  Speaker 3: sell it. IBM's model might be to groom it, grow it.
• 11:24
  Speaker 3: Neither one of them are bad, but we have to
• 11:28
  Speaker 3: be careful because we just we're repeating narratives that we
• 11:31
  Speaker 3: fully don't even understand ourselves.
• 11:33
  Speaker 2: And maybe that didn't work for other people. Yeah, you
• 11:37
  Speaker 2: can hold.
• 11:38
  Speaker 6: On to like So, if you're an entrepreneur and you
• 11:41
  Speaker 6: sell to or have an angel invest, there needs to
• 11:44
  Speaker 6: be room for the angel to invest and take it
• 11:46
  Speaker 6: to venture.
• 11:47
  Speaker 2: Venture needs to be able to take it to.
• 11:48
  Speaker 6: Private equity or go public once the IPOs It needs
• 11:50
  Speaker 6: to be room for the retail investor to have room
• 11:53
  Speaker 6: for it to grow.
• 11:54
  Speaker 2: Also, you should know what that multiple is.
• 11:55
  Speaker 6: So if I take Randpanda and sell it to Schwab
• 11:58
  Speaker 6: for two and a half, I need to know how
• 12:01
  Speaker 6: long it take them to get to a multiple sixteen
• 12:04
  Speaker 6: for it to be worth it in a down economic
• 12:06
  Speaker 6: environment over a four or five year period.
• 12:09
  Speaker 2: Otherwise no deal.
• 12:11
  Speaker 6: That's why you have to study every market, every swath
• 12:15
  Speaker 6: of investor, whether it's small, large.
• 12:18
  Speaker 2: Private equity.
• 12:18
  Speaker 6: And that's why if you come to market mondays or investment,
• 12:21
  Speaker 6: that's like you need to listen to all the not
• 12:23
  Speaker 6: just if you're in real estate, you need to listen
• 12:25
  Speaker 6: to more of the private equity and publicly traded side.
• 12:28
  Speaker 6: If you're in stocks, you need to go listen to
• 12:29
  Speaker 6: pe in venture and media because you need to. Even
• 12:32
  Speaker 6: when we talk about celebrities, a lot of times people
• 12:34
  Speaker 6: say why the celebrity is also the marketing engine for
• 12:38
  Speaker 6: the company for it to go public. Going back to Diddy,
• 12:40
  Speaker 6: there's no way in hell they shouldn't have offered him
• 12:43
  Speaker 6: equity and they're offering him royalty on products. But when
• 12:46
  Speaker 6: Jay said I wanted to buy this to one point
• 12:48
  Speaker 6: five after they said it was one point five.
• 12:50
  Speaker 2: Why wouldn't you sell it?
• 12:52
  Speaker 6: Because it is worth way more and you don't want
• 12:55
  Speaker 6: him to get control and interest. But if you're not
• 12:57
  Speaker 6: having these conversations in your own reading the headlines on
• 13:01
  Speaker 6: Instagram and Twitter, it may not make sense.
• 13:04
  Speaker 2: It's been you want to talk Ponzi schemes.
• 13:06
  Speaker 6: That entire liquor market and how they've been using us
• 13:09
  Speaker 6: for branded and marketing for the last thirty years is
• 13:12
  Speaker 6: fucking egregious. No one would have been buying that product
• 13:16
  Speaker 6: if it wasn't for Diddy.
• 13:17
  Speaker 7: M And I mean the part that people got to
• 13:20
  Speaker 7: realize is that the amount of time that it took
• 13:21
  Speaker 7: for him to even get to that point, Right, he's
• 13:23
  Speaker 7: been trying to have his own spirits for twenty years.
• 13:26
  Speaker 7: Like we're watching it over the past ten like this
• 13:28
  Speaker 7: is great, Like we started seeing those so rock commercials
• 13:30
  Speaker 7: and maybe in O eight on nine when he's you know,
• 13:32
  Speaker 7: they're doing the Oceans eleven.
• 13:33
  Speaker 5: That's O eight on nine.
• 13:34
  Speaker 7: But like he's fighting that since the early two thousand, right,
• 13:38
  Speaker 7: And what he's fighting for is not just for himself,
• 13:41
  Speaker 7: it's for what's coming after that, for the next person
• 13:43
  Speaker 7: who wants to have their own spirits.
• 13:45
  Speaker 5: Right, So you're not gonna you're not.
• 13:47
  Speaker 7: Just gonna treat him away and set a bar in
• 13:50
  Speaker 7: a standard for everybody that comes behind him. He's trying
• 13:53
  Speaker 7: to make sure that everybody makes profit and makes it
• 13:56
  Speaker 7: a situation that it benefits both parties, not just the
• 13:59
  Speaker 7: one side.
• 14:00
  Speaker 5: And that's what we've seen.
• 14:01
  Speaker 6: So once again, these companies like hedge funds are owned
• 14:05
  Speaker 6: by small families. Yeah, and often they won't let other
• 14:08
  Speaker 6: families and of a certain hue. And we have to
• 14:10
  Speaker 6: have a coalition to figure out away how to be
• 14:13
  Speaker 6: able to do so.
• 14:16
  Speaker 7: And still we brought up the Asia when we would
• 14:18
  Speaker 7: and market money is live in London, right, we're gonna
• 14:20
  Speaker 7: be talking about company and we talked about over the
• 14:22
  Speaker 7: percent since nineteen ninety three has been up twelve hundred.
• 14:25
  Speaker 7: Has a lot to do, say the marketing from people
• 14:28
  Speaker 7: from our culture.
• 14:30
  Speaker 4: Oh well, mind to the situation.
• 14:34
  Speaker 3: My graduates from my school being forced back drop bag drop,
• 14:40
  Speaker 3: Mike drop back drop drop.
• 14:53
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 14:57
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 15:01
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 15:05
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 15:09
  Speaker 1: some of the heinous migrant criminals caught because of President
• 15:13
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 15:16
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 15:21
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 15:25
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 15:28
  Speaker 1: are here illegally, your next you will be fined nearly
• 15:32
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 15:36
  Speaker 1: never return. But if you register using our CBP home
• 15:40
  Speaker 1: app and leave now, you could be allowed to return legally.
• 15:43
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 15:48
  Speaker 1: border and families will be protected.
• 15:51
  Speaker 2: Sponsored by the United States Department of Homeland Security.